Oaktree Capital Sells 9 Million TORM Shares in Secondary Offering

The offering, executed on September 16, 2026, did not involve the issuance of new equity by TORM itself. Consequently, the company received no proceeds from the sale. J.P. Morgan Securities LLC served as the sole underwriter for the deal, which also included a 30-day option for the underwriter to acquire an additional 1.35 million Class A shares from the selling shareholder.

TORM, a tanker operator based in Hellerup, Denmark, remains focused on its core fleet operations. The offering was conducted under an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission, ensuring compliance with regulatory requirements for public securities sales.